47 Middlesex Tpke Burlington, MA 01803
- Retail space
- 9,897 SF
- 1.16 lot acres
Current Use by Public Records
- Hanscom Federal Credit Union / Credit Union
- Viet Citron / Restaurant
- Mass General Brigham Community Physicians / Medical Clinic
- Dr. Sylvia Chang / Pediatrician / Physician
- Sylvia Chang, / Pediatrician / Physician
Property Details for 47 Middlesex Tpke
- Year built
- 2001
- Construction
- STEEL FRAME
- Lot size
- 1.16 lot acres
- Property size
- 9,897 SF
- Zone code
- BG
- Property type
- Retail space
- APN
- BURL M:000056 P:000066
- APU
- BURLM000056P000066
Description
This exceptional 3,728 square foot flex space at 47 Middlesex Turnpike in Burlington, MA, presents a unique opportunity for businesses seeking a prime location. The property is part of a larger 6,607 square foot building, classified as Class A, and offers a 14-foot ceiling height, perfect for various uses. The space is immediately available and boasts excellent visibility due to its strategic location minutes from the Burlington Mall and its access to a lighted intersection. Commuting is simplified by its easy access to and from I-95. The area demonstrates strong demographics, with a high average household income of $181,132 within a 5-mile radius. The property is zoned IG, which includes retail and restaurant uses, providing flexibility for a range of businesses. The building features one loading dock, adding to its functionality. High traffic counts on Middlesex Turnpike (179,899 vehicles per day) and Route 3 (28,487 vehicles per day) ensure significant exposure for your business. This is a rare opportunity to secure a highly visible and accessible space in a thriving Burlington submarket. The minimum divisible space is 3,728 square feet, with a total of 3,728 square feet currently vacant.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,370,000
- 6.5%
- $2,190,000
- 7%
- $2,030,000
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,670,000 Current use
- RESTAURANT
- $2,875,000 Change: +8% Conversion: Easy
- AUTO REPAIR, GARAGE
- $2,785,000 Change: +4% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $2,740,000 Change: +3% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $2,555,000 Change: -4% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $2,280,000 Change: -15% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Burlington
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.211
- Latitude
- 42.4724
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
